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Stella [2.4K]
3 years ago
6

Why are retired people hurt by inflation?      

History
1 answer:
Vadim26 [7]3 years ago
6 0
If you are retired, you do not have a source of income from a job--you rely on your savings, interest from investments, or the government (e.g., social security in the US). With a job, your salary typically increases every so often to track inflation. When you just have savings, the total value of your money stays the same while the purchasing power of that money decreases. Investment income on your savings (e.g., interest) counterbalances this effect somewhat and government programs typically give out more money to account for the effects of inflation, but neither of these counterbalancing measures may prove sufficient.
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HIGH SCHOOL HISTORY 5 points


According to the communists, why was it important to destroy the "4 Olds" during the cultural revolution
1
ASK FOR DETAILS FOLLOW REPORT by bayleimeyer 01/18/2016
ANSWERS
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2016-01-19T00:07:54+00:00
Before answering, let us first establish what these "4 Olds" are. The "4 Olds" that we are talking about here are China's Old Ideas, Old Customs, Old Culture, and Old Habits. Mao Zhe Dong, the founding father of the People's Republic of China, was the one that led into the annihilating of the "4 Olds" of China. This is in response to what was currently happening at that time. There was a Russian revolution which began failing and became one of the reasons that led to the destroying of the "4 Olds". Urban Stratification was also feared to come up. And this way, elitism would be demolished. Some would say that Mao wanted to secure his own place in history which pushed the decision on destorying the "4 Olds".
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